West African crude oil producers are struggling to find buyers for December and January cargoes amid rising competition from cheaper, more readily available alternative supplies. Analysts say the glut of unsold Nigerian and Angolan crude reflects a broader global oversupply that has weighed on international markets. Brent crude dropped below $60 per barrel this week,...
Author: Justice Amissah (Justice Amissah)
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Non-performing energy sector heads to be sacked -Energy Minister warns
The Minister for Energy and Green Transition, Dr. John Abdulai Jinapor, has cautioned heads of agencies and senior managers within the energy sector that failure to deliver on their mandates will result in their removal from office. Addressing participants at the Ministry’s performance review retreat, Dr. Jinapor said President John Dramani Mahama has made it...
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Solomon Ewanehi Unveils Transformative Blueprint for Africa’s Energy Future at 9th Africa Energy Summit
In a landmark moment for Africa’s energy sector, Solewant Group’s Group Managing Director, Mr. Solomon Ewanehi, officially launched his groundbreaking book, Unlocking Africa’s Energy Future – Strategies for Sustainable Growth and Development, during the 9th Africa Energy Summit in Port Harcourt. The high-profile event drew policymakers, academics, industry leaders, and international delegates, signalling the book’s...
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Crackdown on black market dealers hurting forex market – COPEC’s Duncan Amoah
Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, says the state must rethink its sudden crackdown on black market forex dealers because the action is already distorting rates and hindering efforts to stabilise fuel prices. He said the task force swoops are creating unintended shocks. Speaking on PM Express Business Edition, he...
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Industry Titans Gather as NPA Hosts 2025 Downstream CEOs Breakfast Forum.
The National Petroleum Authority (NPA), in collaboration with the chamber of oil marketing companies (COMAC), the Chamber of Bulk Oil Distributors (CBOD), and other leading industry stakeholders, convened the 2025 Downstream CEOs Breakfast Meeting today. The event brought together chief executives and top decision-makers to deliberate on the evolving landscape of Ghana’s downstream petroleum sector....
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Crude Oil and Refined Products Market Review and Outlook -CBOD
Crude oil prices on the global market declined by approximately 2.40% during the 12th to 26th November pricing window. This drop occurred despite stronger demand in China and improved market sentiment following the U.S.–China tariff agreement, as concerns about oversupply from both OPEC and non-OPEC producers continued to weigh on the market. According to the...
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FG reduces oil block entry costs to $3m
As the 2025 licensing round gets underway, the Federal Government has reduced the signature bonus from $10m to $3m and $7m. The Nigerian Upstream Petroleum Regulatory Commission disclosed this in an update on its website. According to the commission, this was part of the government’s efforts to reduce entry barriers. “Interested in one of the...
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ABAG Rejects New PURC Tariff Hikes, Calls for Immediate Reversal and Reforms at ECG, GWCL
The Food and Beverages Association of Ghana (FABAG) has issued a strong condemnation of the latest utility tariff adjustments announced by the Public Utilities Regulatory Commission (PURC), describing the increases as unjustified, insensitive and unacceptable. In a statement released on Sunday, December 7, the association rejected the 9.8% increase in electricity tariffs and 15.9% upward...
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African Petroleum Regulators Forum adopts Nigeria as headquarters, elects Komolafe Chairman
The African Petroleum Regulators Forum (AFRIPERF) has unanimously adopted Nigeria as its official headquarters and also elected the Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, as chairman of the Forum. Prior to the endorsement, Engineer Komolafe was interim chairman of AFRIPERF. The decision was announced at the inaugural executive committee...
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Energy Sector Budget Review By CEMSE
The 2026 budget was presented with high expectations of improved efficiency in the energy sector, reduction of debtg in the sector, and improved capital expenditure to increase access to electricity to over 99%. In addition, there were high expectations of new petroleum agreements and Power Purchase Agreements to increase future crude oil outputs and available...